When can projects submit their requests to distribute surplus cash, and how should requests be submitted?
The on-line system allows the property to submit their request to distribute surplus cash with the submission of their annual financial statement. If the property is in a surplus cash position, the system will ask the property at the end of their submission if they would like to request approval to distribute surplus cash. If the property answers Yes, a Surplus Cash request form will appear for the property to fill out. A No answer will submit the financial statement to MHDC, but will not request surplus cash to be released. In this case, the property may submit their request on-line at a later date. All requests will be processed on a first come first serve basis. In any case, surplus cash may not be distributed without MHDCs written approval!
Related Questions
- We’ve submitted our CMDC report for the quarter for the three programs, but found out we need to revise the cash balance for one of them. Can we submit a revised report?
- Are renewal projects required to submit the "Code of Conduct" again if they submitted their code in a previous competition?
- When can projects submit their requests to distribute surplus cash, and how should requests be submitted?
